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WHAT WILL YOU DO WITH YOUR MINING EQUIPMENT WHEN A.I. TAKES OVER? SELL IT ON EBAY?
BITCOINIST.NET · FEBRUARY 8, 2018 · 4:00 PM
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Blockchain technology is not flawless. While the idea is strong, the underlying tech behind it is falling behind. The blockchain relies on people and the power of their computers to verify blocks of transactions. Blocks can only hold so many transactions, and miners’ rigs can only handle so many blocks.

That, and mining blocks takes time. The companies behind cryptocurrencies must provide an incentive for miners to continue spending their time on the blockchain, and those rewards can vary based on the value of the cryptocurrency they are mining. The more transactions to process, the slower the network. In short: scalability is the blockchains downfall.

One company, Lydian, is attempting to get rid of the reliance on miners.

Their attempt is via The Whisper Network. The Whisper Network is a platform looking to disrupt the world of digital advertising by utilizing a decentralized artificial intelligence technology. By taking advantage of A.I., The Whisper Network can identify and then target potential customers.

Because of this, the digital advertising ecosystem will become infinitely more user-driven. Lydian has two products: MonaChain and MonaBrowse. MonaChain intends to use the blockchain and its own DaVinci marketing cloud technology to avoid common cases of ad fraud and bring their clients the best possible experience.

MonaBrowse will fight to remove AdBlockers by allowing users to control not only the amount but also the extent of advertising they experience while browsing the internet. As a result, digital advertising will become more user-centric as users receive ads targeted towards them. This will increase overall engagement and have a positive impact on the ad-ecosystem as a whole.

Now, how does this factor into the miner argument? The Whisper Network and its products, MonaChain and MonaBrowse, run on something called the Directed Acyclic Graph (DAG.) The DAG presents an alternative solution to mining by the way it handles transactions. Instead of grouping transactions into a block and requiring a miner to verify them, the DAG uses each transaction to solve the one that comes after it.

The same artificial intelligence behind the digital advertising technology is used here. Unlike a standard blockchain tech, where blocks are generated one after the other, WPN blocks are created simultaneously. Then, if the A.I. calculates all previous responses as valid, the next one will be too. As more transactions are added to the network, they are validated even more quickly.

This speeds up the process exponentially, alongside lowering transaction charges to almost nothing. If the Whisper Network Protocol wants MonaChain and MonaBrowse to work the way they should, this speed is necessary. Digital Advertising requires near-instantaneous bidding for ad-placements. Otherwise, clients miss out on valuable ad-space and revenue.

The potential of the DAG technology is vast. It eliminates the need for an entire aspect behind standard blockchain technology (the miners) by utilizing artificial intelligence. Also, the DAG solves the biggest problem facing conventional blockchain technology today: scalability.

To participate in Lydian’s ICO that ends in 6 days you may visit: https://lydian.io

Images courtesy of Lydian

The content of this article was provided by the company referenced. Bitcoinist does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company.

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5 BIG NAMES TO JOIN THE SOCIALMEDIA.MARKET ADVISORY BOARD
BITCOINIST.NET · FEBRUARY 8, 2018 · 3:30 PM
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SocialMedia.Market, a decentralized influencer marketing platform, is happy to introduce new advisors who have recently joined the project. Keith Teare, Andrew Playford, Tatsunari Ono, Gabriel Zanko, and Dima Zaitsev, Ph.D. will be supporting SocialMedia.Market in its development, as well as in its upcoming ICO.

Keith Teare is an Executive Chair of UK venture company Accelerated Digital Ventures. He recently advised on the successful ICOs of ICOBox (4000 BTC) and Crypterium ($51M+). Previously he was a founder of TechCrunch and the first consumer Internet Service Provider in Europe – EasyNet. EasyNet and RealNames both achieved Unicorn status during the late 1990s.

Andrew Playford is Senior Vice President of Operations at Sonic Foundry, Inc. Prior to Sonic Foundry, Andrew ran operations for Think New Ideas, another NASDAQ listed company that acquired and combined digital marketing and web development companies. Think New Ideas was ultimately acquired for more than $250M.

Tatsunari Ono is the CEO of Value Brain Co., Ltd. (Japan) and the CEO of Beducate.ltd (Hong Kong). He is also the author of “Worries Make Money” Kadokawa Foresta. In December 2017, Tatsunari Ono made a speech to 2,500 guests at a cryptocurrency seminar where well-known speakers such as Jay Abraham, James Skinner, Anthony Mink were also on the same stage.

Gabriel Zanko is a fintech entrepreneur and advisor. He is the founder of MobileyourLife and is involved in the AI-Fintech space providing solutions in the B2B space. Gabriel is also an ICO advisory in Fundraising Capital and International Business Development.

Dima Zaitsev, Ph.D. is the head of International PR & Business Analytics Department and Chief at ICOBox. In 2017 Dima became interested in blockchain and cryptocurrencies and started conducting limited-scope market research. He has his own columns on several Media Outlets in the U.S. including FXStreet.com, CoinSpeaker.com, and others.

SocialMedia.Market is a solution for influencer marketing based on blockchain technology and smart contracts. It is designed to solve such pressing issues of the industry, as fraud, unclear pricing models, complex partnerships, and complicated transactions. At the current state, an influencer marketing campaign consumes lots of time and resources, making it hard for smaller brands and companies to benefit from the strategy. The SocialMedia.Market ultimate goal is to create an easy-to-use marketplace with an accessible community that unites influencers, advertisers, and brands in a completely transparent ecosystem. All operations within the SocialMedia.Market platform are executed via a utility token – Social Media Token (SMT)

The project has gathered 7 553 358 SMT – approximately 1 286.86 ETH and 17.67 BTC during the pre-ICO. The main phase is scheduled for February 9 and will last until March 16. The SocialMedia.Market beta is already live and available to explore.

Images courtesy of SocialMedia.Market

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THESE US STATES ARE RACING TO BECOME THE COUNTRY’S CRYPTO CAPITOL
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O CANADA! HERE’S WHY THIS JUST-LAUNCHED BLOCKCHAIN ETF ISN’T CONCERNED ABOUT WEAK CRYPTO PRICES
TAKEPROFIT WANTS TO MAKE THE BEST CRYPTOCURRENCY TRADING SIGNALS AVAILABLE TO EVERYBODY
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HOW BUDBO IS USING BLOCKCHAIN TECHNOLOGY TO LEGITIMIZE THE CANNABIS INDUSTRY
NATIVE VIDEO BOX TO COLLABORATE WITH ICOBOX TO CHANGE THE DIGITAL CONTENT LANDSCAPE
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WHAT WILL YOU DO WITH YOUR MINING EQUIPMENT WHEN A.I. TAKES OVER? SELL IT ON EBAY?
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DR. MOE LEVIN JOINS ADVISORY COMMITTEE AT 4NEW
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